Brazil: Bahia's VBP drops almost 7% driven by the five main agro activities

Bahia's agricultural panorama in 2023 was marked by a drop of almost 7% in the Gross Production Value (VBP), which totaled R$46.6 billion, compared to the R$50.1 billion recorded in 2022. This figure It is also below the performance of 2021, when the state reached R$47.2 billion. The projections were released in November by the Ministry of Agriculture and Livestock (Mapa). The numbers should be consolidated by Mapa in January this year. The state of Bahia accounts for 4% of Brazil's VBP, occupying tenth position in the ranking of states that contribute most to the country's total VBP. In 2023, crops had an 82% share in Bahia's VBP, while livestock activities contributed the remaining 18%. Soy led activities with revenue of R$16.3 billion, although it experienced a reduction of around 17% compared to R$18.9 billion in 2022. Cotton remained the second most relevant activity, presenting a performance of R$6.1 billion in 2023, against R$6.2 billion in the previous year. In third ...